electricity market with large share of R enewable E nergy S ources Market4RES Daniel HuertasHernando DanielHuertasHernandosintefno wwwsintefnoenergy Stakeholder Kickoff Workshop IEEMarket4RES 20140428 ID: 331196
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Slide1
Post 2020 framework in a liberalised
electricity market with large share of Renewable Energy Sources (Market4RES)Daniel Huertas-HernandoDaniel.Huertas.Hernando@sintef.nowww.sintef.no/energy
Stakeholder Kick-off Workshop, IEE-Market4RES, 2014-04-28
Photos:
Shutterstock
,
KeyTexSlide2
2
The liberalised electricity market Efficient operationFacilitate cross-border trade across Europe
Promote efficient investments
Level playing field for different generation sources
Effective risk management
Robustness (Oxford Institute for Energy, M. Keay)
should
e
nsure:Slide3
3
Target Model (TM) expected to be fully implemented by 2015including day-ahead price couplingcross-borders intraday continuous trading and long-term cross-border capacity allocation with harmonized rules at European scale. The Target Model is based in two main principles Energy
only regional markets
Market Coupling linking zonal day-ahead spot markets into a virtual market, where only congestion-constrains limit
the tradeFit for purpose ?
(Oxford Institute for Energy, M. Keay)
The EU Target ModelSlide4
4
Capacity Markets
Pan - EU Market Coupling
Capacity Markets
Pan - EU Market CouplingSlide5
5
In April 2014, the IEE-funded project Market4RES started investigating the potential evolution of the EU Target Model necessary to secure the European power system decarbonisation with large amounts of renewables.The project aims to: Contribute to an open and transparent debate on the potential evolution of the EU Target Model after 2020 with the RES/GHG/EE 2030 targets in mind & large shares of RES-e & large amounts of renewables
Identify and
recommend steps for the implementation of policy,
legislation and regulation across the renewable energy sectors.
Identify and recommend concrete steps so relevant market actors can accept and adopt
the
main results
of the project.
The Market4RES project objectivesSlide6
Market4RES: Project Rationale & WP structure
6WP2Opportunities, challenges and risks for RES-E in a European integrated electricity market with full target model implementationWP5Modeling of electricity market design & Quantitativeevaluation of policies for post 2020 RES-E targets
WP6.1
WS1:ImplementationWP6.2WS2:Implementation
Novel designsWP6.3WS2:Long term markets
WP3
Novel market designs & KPIs
WS1: Short
term
objectives
(2016
- 2020
)
WS2: Long
term
objectives (post 2020
;
2030-2050)
WP4
Appropriate new market instruments for RES-E to meet
the 20/20/20
targetsSlide7
7
WP3
Market Designs
& KPI
definitions
ITT-COMILLAS
WP5
Quantitative evaluation of policies for post 2020 RES-E targets
SINTEF
WP2
General
Framework
EEG
WP4
Assessment
Target Model
TECHNOFI
WP 1 Project Management -
SINTEF
WP 7 Communication &
Dissemination -
EWEA
WP 6: Conclusions Recommendations
Implementation Guidelines
SINTEF
WP 8
IEE Dissemination -
SINTEF
Long
term action objectives
(post 2020
2030)
Short term action objectives (2016
2020
)Slide8
8Market4RES: Gantt
Text
Text
2014
Oct
&
2015 March
2014 April
&
2014 Sept
2015
Oct
&
2016 March
2015 April
&
2015 Sept
2016 April
&
2016 Sept
WP2
WP3
WP4
WP5
WP6
WP1&7
Text
Text
Text
Text
Text
Text
Text
Text
Text
Text
Text
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Milestones
D
D
D
D
D
D
Deliverable
Interactions
Task 2.3